Joshua Gold Resources Acquires Three New Mineral Properties in Northern Ontario.
MANews-(C)2009-2020
Canadian miner Joshua Gold Resources Inc. (OTC: JSHG) has acquired a 100% interest in three Northern Ontario mineral properties, the company said.
Two of these properties, (McCool and Halcrow), are Gold prospects and one, (Seymour Lake Extension), is a Lithium prospect.
The gold prospects are positioned in highly prospective and prolific mining jurisdictions in the Abitibi Greenstone Belt, and the lithium prospect in the Caribou Marshall Lake Greenstone Belt.
The McCool property is a gold prospect located 24 kilometers east of Matheson, Ontario and 90 km east of Timmins. It consists of six unpatented claim units covering approximately 294 acres.
Located 6 km west of the McCool property is the historical Potter VMS Mine, host to an indicated resource of 3,028,767 tons at 1.45% Cu, 1.19% Zn, 389.7 g/t Co, 11.1 g/t Ag and 127.5 ppb Au along with an inferred resource of 2,071,101 tons at 1.08% Cu, 1.05% Zn, 301.4 g/t Co, 8.7 g/t Ag, and 81.7 ppb Au.
The second gold prospect, the Halcrow Gold property is located in northeastern Ontario, 35 kilometers East of Chapleau.
It consists of two claim units covering approximately 80 acres.
Located 25 km of the property is Newmont's Borden Lake Mine, an active gold producer with proven and probable reserves of 2.61m tons of estimated, measured and indicated gold reserves with an average grade of 5.81 g/t Au
The property is also 11 km southwest of Rockridge Resources Ltd.'s - Raney Gold Project. Recent news release (April 29, 2020) from the Raney Gold Project indicates an impressive drill result of 28.0 g/t Au over 6.0 m at a vertical depth of 95m.
The Halcrow Gold property is also 3 km north of the historical Halcrow Swayze Mine, a developed prospect with 115,600 tons of unclassified reserves...
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